Shown verbatim: the complete text as captured from the official source posted by the Massachusetts General Court, fetched 2026-07-15. Nothing is edited or removed. The official bill page.
Section 6 of chapter 62 of the General Laws is hereby amended by adding the following subsection:- (jj) A taxpayer shall be allowed a credit against the taxes imposed by this chapter in an amount equal to 50 per cent of the capital gain income from the sale of a residential property to a first-time home buyer for use as their primary residence; provided, that the sale price of the property is less than $750,000; provided further, that the residential property contains 4 or fewer residential dwelling units; and provided further, that such credit shall not exceed $7,500 for a single person, married person filing a separate return, head of household or married persons filing jointly.
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